News Breaks
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October 18, 2012 | |||
18:31 EDT | ![]() |
SBUX, GMCR, BKW | Starbucks, Green Mountain down after Burger King launches specialty coffees After the close, Burger King (BKW) announced a partnership with Nestle Professional where Nestle would be the supplier for its new specialty coffee menu items in the Latin America and Caribbean region, featuring the new Nescafe Milano system. After the announcement, specialty coffee retailers Starbucks (SBUX) and Green Mountain Coffee Roasters (GMCR) both traded down. Starbucks fell over 1% in after-hours trading, while Green Mountain declined just under 1%. |